Is Virgin Money or Metro Bank better for your small business?
Below we look at both Virgin Money and Metro Bank reviews on Trustpilot along with their App reviews from Apple and Google.
We then look at typical fees, business savings rates, foreign currency options and a whole bunch of other account features to help you make up your mind.
Virgin Money vs Metro Bank Trustpilot Reviews
| Virgin Money | Metro Bank | |
| Trustpilot Review Score (out of 5) | 1.4 | 2 |
| Percent 5-Star Reviews | 5% | 45% |
| Percent 1- Star Reviews | 89% | 48% |
| Total Number of Reviews | 6,799 | 4,764 |
https://www.trustpilot.com/review/uk.virginmoney.com
https://www.trustpilot.com/review/www.metrobankonline.co.uk
Virgin Money vs Metro Bank App Reviews
| Virgin Money | Metro Bank | |
| iPhone Review Score (out of 5) | 4.6 | 4.8 |
| Number of iPhone Reviews | 125,000 | 182,900 |
| Android Review Score (out of 5) | 4 | 4.6 |
| Number of Android Reviews | 23,400 | 41,500 |
https://apps.apple.com/gb/app/virgin-money-mobile-banking/id1482269155
https://apps.apple.com/gb/app/metro-bank/id1175525592
Virgin Money vs Metro Bank Account Fees & Charges
| Virgin Money | Metro Bank | |
| Free Business Bank Account | Yes | Yes |
| Free Business Account Term Length | 25 Months | 12 Months |
| Cheapest Monthly Account Fee | No | Free |
| Most Expensive Monthly Account Fee | No | £6.00 |
| Electronic Payment Cost (in/out) | Free | 30p |
| Cash Payments Cost (in/out) | 90p per £100 | 1.00% |
| Cheques (in/out) | 30p per cheque | 30p |
| CHAPS Payments Cost | £25 | £25 |
| SEPA Payments Cost | £20 | 20p |
Virgin Money vs Metro Bank Business Savings Rates
| Virgin Money | Metro Bank | |
| Types of Business Savings Accounts | Instant access accounts, Notice accounts, Fixed term deposit accounts | Instant access, Fixed term |
| Lowest Savings Rate (AER) | 1.35% | 1.10% |
| Maximum Savings Rate (AER) | 5.15% | 4.41% |
| Minimum Savings Amount | £1 | £1 |
| Interest Paid On Foreign Currencies | Yes | Yes |
Virgin Money vs Metro Bank Account Opening Times
| Virgin Money | Metro Bank | |
| Can You Apply Online? | Yes | Yes |
| How Long Does Opening An Account Typically Take? | 1 to 47 Working days | 1 day |
| Do They Check Your Credit? | Yes | Yes |
| Current Account Switch Service | Yes | Yes |
Virgin Money vs Metro Bank Features & Account Types
| Virgin Money | Metro Bank | |
| Business Current Account | Yes | Yes |
| Business Savings Account | Yes | Yes |
| Business Credit Card | Yes | Yes |
| Business Overdraft | Yes | Yes |
| Accounts For Startups | Yes | Yes |
| Accounts For Charities | Yes | Yes |
| Accounts For Sole Traders | Yes | Yes |
| Joint Business Accounts Available | Yes | Yes |
| Card Type | Mastercard | Mastercard |
| Online Banking | Yes | Yes |
| Mobile Banking | Yes | Yes |
| In Person/Branch Banking | Yes | Yes |
| Branch Locations | Northern England and Scotland only | Limited locations in England & Wales only |
Virgin Money vs Metro Bank Customer Support Options
| Virgin Money | Metro Bank | |
| Phone Support Available | Yes | Yes |
| Email Support Available | Yes | Yes |
| App Based Support | Yes | Yes |
| Web Based Support | Yes | Yes |
| In person Customer Support | Yes | Yes |
Virgin Money vs Metro Bank Foreign Currency Accounts
| Virgin Money | Metro Bank | |
| US Dollar (USD) Bank Accounts | Yes | Yes |
| Euro (EUR) Bank Accounts | Yes | Yes |
| Other Currencies Available: | No |
|
Other Business Services From Virgin Money and Metro Bank
| Virgin Money | Metro Bank | |
| Business Loans | Yes | Yes |
| Commercial Mortgages | Yes | No |
| Invoice Financing | Yes | Yes |
| International Payments | Yes | Yes |
| Merchant Payment Services | Yes | Yes |
| Card Machines | No | No |
| Free Accounting Software | Yes | No |
Virgin Money vs Metro Bank Banking Basics
| Virgin Money | Metro Bank | |
| Bank Type | High Street | High Street |
| FSCS Protection | Yes, up to £85,000 | Yes, up to £85,000 |
| FCA Number | 121873 | 488982 |
| Website | Virgin Money Website | Metro Bank Website |
Common Comparison Questions
Does Virgin Money or Metro Bank have better customer reviews?
Virgin Money scores 1.4 out of 5 based 6,799 Trustpilot reviews. Of these reviews 5% are 5-star and 89% are 1-star.
Whereas, Metro Bank scores 2 out of 5 based 4,764 Trustpilot reviews. Of which 45% are 5-star and 48% are 1-star.
Does Virgin Money or Metro Bank have a better App?
Virgin Money’s iPhone App is rated 4.6 out of 5 based on 125,000 reviews. And it’s Android App is rated 4 out of 5 based on 23,400 reviews.
In comparison, Metro Bank’s iPhone App is rated 4.8 out of 5 based on 182,900 reviews. And it’s Android App is rated 4.6 out of 5 based on 41,500 reviews.
Does Virgin Money or Metro Bank have better business savings rates?
Virgin Money offers the following types of business savings accounts: Instant access accounts, Notice accounts, Fixed term deposit accounts with interest rates ranging from 1.35% to 5.15%. (AER)
In contrast, Metro Bank offers Instant access, Fixed term accounts with interest rates ranging from 1.10% to 4.41% (AER).
See Other Comparisons:Virgin Money vs TSB
Virgin Money vs Starling Bank
Virgin Money vs Shawbrook Bank
Virgin Money vs RBS (Royal Bank of Scotland)
Virgin Money vs Wise
For other business bank accounts see our guide here.